logo
Share SHARE
FONT-SIZE Plus   Neg

Kinder Morgan Announces 2013 Expectations - Quick Facts

Kinder Morgan announced its preliminary 2013 projections for Kinder Morgan, Inc. (KMI), Kinder Morgan Energy Partners, L.P. (KMP), Kinder Morgan Management, LLC (KMR) and El Paso Pipeline Partners, L.P. (EPB). Kinder Morgan anticipates strong growth in 2013 across the Kinder Morgan family of companies.

Kinder Morgan Inc. expects to declare dividends of $1.57 per share for 2013. This represents a 16 percent increase over KMI's 2012 budget target of $1.35 per share and a 12 percent increase over the $1.40 per share of dividends it expects to declare for 2012.

Kinder Morgan Energy Partners L.P. expects to declare cash distributions of $5.28 per unit for 2013, a 6 percent increase over its 2012 budget target of $4.98 per unit, which it expects to meet. Kinder Morgan Management, LLC expects to declare distributions of $5.28 per share for 2013.

El Paso Pipeline Partners, L.P. expects to declare cash distributions of $2.55 per unit for 2013, a 13 percent increase over its 2012 expected distribution of $2.25 per unit. In 2013, El Paso Pipeline Partners expects to generate earnings before DD&A of $1.22 billion, an increase of over $50 million compared to 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Dutch consumer electronics giant Philips Electronics NV Wednesday announced a definitive merger agreement to buy Spectranetics Corp., a vascular intervention and lead management solutions provider. Under the deal, Philips will commence a tender offer to buy Spectranetics for $38.50 per share, to be paid in cash upon completion. The implied enterprise value is approximately 1.9 billion euros. Samsung Electronics Co. is reviving its Galaxy Note 7 premium smartphone, which was recalled last year over faulty battery issues. A refurbished version of the smartphone with different components under the name Galaxy Note 7 Fandom Edition or FE will be coming to retailers' shelves on July 7, reports said. A massive cyberattack has hit Europe on Tuesday, spreading to U.S. and Asia, affecting businesses and government systems with ransom demands. The new ransomware attack, in a possible reprise of a widespread WannaCry assault in May, is said to be caused by the virus linked to malware called Petrwrap or Petya. The affected users are told to pay $300 in cryptocurrency per infected computer...
comments powered by Disqus
Follow RTT